he end of Chilton Communication's third quarter, the followine stockholders' equity At December 31, the end of accounts are reported. Common stock, $10 par value.......... ...................... ... Paid-in capital in excess of par value, common stock .. Retained earnings............ Problem 13-30 Equity analysis-journal entries and account balances $ 960,000 384,000 1,600,000 the fourth quarter, the following entries related to its equity are recorded. 96.000 96,000 Feb 5 96,000 96,000 feb 28 252,000 Retained Earnings........ Common Dividend Payable..... Common Dividend Payable ..... Cash............. Retained Earnings.. Common Stock Dividend Distributable. Paid-In Capital in Excess of Par Value, Common Stock .. Common Stock Dividend Distributable. Common Stock, $10 Par Value Memo-Change the title of the Common Stock account to reflect the new par value of $5. ove........ 120,000 132,000 Mar. 14 120,000 120,000 Mar 25 Mar 31 720,000 Income Summary Retained Earnings .......... 720,000 Chapter 13 Accounting for Corporations Required 1. Explain the transaction(s) underlying each journal entry. 2. Complete the following table showing the equity account balances at each indicated date (take inte account the beginning balances from December 31). Dec, 31 Jan. 17 Feb 5 Feb. 28 Mar. 14 Mar 25 Mar 31 $_960,000 $ Common stock Common stock dividend distributable Pald-in capital in excess of per, common stock ............ Retained earnings ................ Total equity ................... Check Toweguty Jan 17 12.148000 31 384.000 1,600,000 $2.944.000 Problem 13-4B Analyzing changes in The equity sections for .. the war he end of Chilton Communication's third quarter, the followine stockholders' equity At December 31, the end of accounts are reported. Common stock, $10 par value.......... ...................... ... Paid-in capital in excess of par value, common stock .. Retained earnings............ Problem 13-30 Equity analysis-journal entries and account balances $ 960,000 384,000 1,600,000 the fourth quarter, the following entries related to its equity are recorded. 96.000 96,000 Feb 5 96,000 96,000 feb 28 252,000 Retained Earnings........ Common Dividend Payable..... Common Dividend Payable ..... Cash............. Retained Earnings.. Common Stock Dividend Distributable. Paid-In Capital in Excess of Par Value, Common Stock .. Common Stock Dividend Distributable. Common Stock, $10 Par Value Memo-Change the title of the Common Stock account to reflect the new par value of $5. ove........ 120,000 132,000 Mar. 14 120,000 120,000 Mar 25 Mar 31 720,000 Income Summary Retained Earnings .......... 720,000 Chapter 13 Accounting for Corporations Required 1. Explain the transaction(s) underlying each journal entry. 2. Complete the following table showing the equity account balances at each indicated date (take inte account the beginning balances from December 31). Dec, 31 Jan. 17 Feb 5 Feb. 28 Mar. 14 Mar 25 Mar 31 $_960,000 $ Common stock Common stock dividend distributable Pald-in capital in excess of per, common stock ............ Retained earnings ................ Total equity ................... Check Toweguty Jan 17 12.148000 31 384.000 1,600,000 $2.944.000 Problem 13-4B Analyzing changes in The equity sections for .. the war
